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Grizzly Bulls’ Billionaires Index

⬅ # 120 Jan Koum|# 122 Lei Jun ➡

# 121 Jorge Paulo Lemann 

$16.0B

Real Time Net Worth
as of 5/13/2024
$83.8M (0.53%)

# 121 Jorge Paulo Lemann 

$16.0B

Real Time Net Worth
as of 5/13/2024
$83.8M (0.53%)
OccupationCofounder, 3G Capital
Source of WealthBeer
Age84
ResidenceZurich, Switzerland
Marital StatusMarried
Children5
EducationBS, Harvard University
Age-Adjusted Net Worth$3.15B
Jorge Paulo Lemann
Jorge Paulo Lemann
Brazil
Net worth: $16.0B

Self-Made Score 

Wealth History

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Biography

Early Life

Jorge Paulo Lemann was born on August 26, 1939, in Rio de Janeiro, Brazil, to Swiss immigrant Paul Lemann and Brazilian of Swiss origin Anna Yvette Truebner.
His father, Paul Lemann, founded the dairy manufacturer Leco.
Tragically, Lemann's father died in a bus accident in 1953 when Lemann was 14 years old.
Lemann attended the American School of Rio de Janeiro and later earned a bachelor's degree in economics from Harvard University in 1960.

Early Career

In 1961-1962, Lemann worked as a trainee at Credit Suisse in Geneva.
In 1966, Lemann had equity interest in a lending company called Invesco, which went bankrupt.
In 1971, Lemann, Carlos Alberto Sicupira, and Marcel Herrmann Telles founded Banco Garantia, eventually building it into one of Brazil's prestigious investment banks.
Despite facing a market crash in 1971, Lemann persevered and contributed to making Garantia akin to a Brazilian version of Goldman Sachs.

Business Achievements

From 1990 to 2001, Lemann served as a board member of Companhia Cervejaria Brahma.
He and his partners founded private equity company GP Investimentos and acquired control of two Brazilian breweries, creating AmBev.
AmBev merged with Interbrew in August 2004, forming InBev, which later acquired Anheuser-Busch in 2008, becoming the world's largest brewer, Anheuser-Busch InBev (AB InBev).
In 2016, AB InBev completed a nearly $100 billion acquisition of SABMiller, securing brands like Pilsner Urquell and Foster's Lager.
Lemann's private equity firm 3G Capital, along with Warren Buffett's Berkshire Hathaway, acquired H.J. Heinz & Company in 2013, leading to a merger with Kraft in 2015.

Later Career

Lemann is a co-founder of Brazilian investment firm 3G Capital, owning brands like Burger King, Anheuser-Busch, and Heinz.
He served on the board of Kraft Heinz until 2021, reducing travel commitments.
Lemann is a board member of Lojas Americanas S.A. and was a former board member of Gillette, working with Warren Buffett.

Personal Details

Jorge Paulo Lemann married twice and has six children.
After an attempted kidnapping incident in 1999, Lemann permanently relocated to Switzerland, where he splits his time between São Paulo, Rapperswil-Jona on Lake Zurich, and St. Louis.
Lemann is known for being low-key, rarely giving interviews or appearing publicly, but is considered a 'business-class hero' in Brazil.

How long would it take you to become as rich as Jorge Paulo Lemann?

If you started with $10,000 and invested an additional $500 each month at a 44.01% CAGR, it would take you 5 years to reach Jorge Paulo Lemann's net worth of $16.0B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 40.45% compared to 10.08% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Jorge Paulo Lemann is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Jorge Paulo Lemann, Beer is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey